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The technical analysis of markets involves studying price movements and patterns. It is based on identifying supply and demand levels on price charts by observing various patterns and indicators. Technical traders project future market conditions and forecast potential price fluctuations by observing historical price patterns.

There are countless tools available for technical analysts to assess market sentiment and locate points of support and resistance, which can be used to determine whether a given trend will continue – examples include trend lines, moving averages and the Relative Strength Index.

TRADERS NET-SHORT INCREASE FROM LAST WEEK

EURUSD: Retail trader data shows 41.8% of traders are net-long with the ratio of traders short to long at 1.39 to 1. The percentage of traders net-long is now its lowest since Dec 31 when EURUSD traded near 1.1464. The number of traders net-long is 2.5% lower than yesterday and 23.6% lower from last week, while the number of traders net-short is 9.5% higher than yesterday and 42.1% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to "Identify Trends with Sentiment":

EURUSD SENTIMENT SUGGESTS A BULLISH BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.

TRADERS NET-SHORT INCREASED BY 22.3% FROM LAST WEEK

GBPUSD: Retail trader data shows 48.0% of traders are net-long with the ratio of traders short to long at 1.08 to 1. The number of traders net-long is 0.2% higher than yesterday and 2.7% lower from last week, while the number of traders net-short is 0.8% higher than yesterday and 22.3% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

GBPUSD: SENTIMENT SUGGEST A BULLISH TRADING BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPUSD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bullish contrarian trading bias.

TRADERS REMAIN NET-SHORT

USDJPY: Retail trader data shows 47.7% of traders are net-long with the ratio of traders short to long at 1.09 to 1. In fact, traders have remained net-short since Feb 27 when USDJPY traded near 110.552; price has moved 0.6% higher since then. The number of traders net-long is 0.8% higher than yesterday and 21.3% higher from last week, while the number of traders net-short is 0.5% higher than yesterday and 14.4% lower from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

USDJPY: SENTIMENT SUGGESTS AN UNCLEAR TRADING BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDJPY prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.

74.7% OF TRADERS ARE NET-LONG

Spot Gold: Retail trader data shows 74.7% of traders are net-long with the ratio of traders long to short at 2.96 to 1. The number of traders net-long is 0.8% higher than yesterday and 1.1% higher from last week, while the number of traders net-short is 20.2% higher than yesterday and 15.0% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

SPOT GOLD PRICE MAY SOON REVERSE

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.

79.2% OF TRADERS ARE NET-LONG

Bitcoin: Retail trader data shows 79.2% of traders are net-long with the ratio of traders long to short at 3.8 to 1. The number of traders net-long is 1.7% lower than yesterday and 1.2% lower from last week, while the number of traders net-short is 1.2% lower than yesterday and 5.9% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

BITCOIN: SENTIMENT SUGGESTS A MIXED TRADING BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

NUMBER OF NET-LONG TRADERS INCREASE BY 30.8% FROM LAST WEEK

US 500: Retail trader data shows 29.4% of traders are net-long with the ratio of traders short to long at 2.4 to 1. In fact, traders have remained net-short since Jan 07 when US 500 traded near 2486.11; price has moved 14.3% higher since then. The percentage of traders net-long is now its highest since Mar 08 when US 500 traded near 2748.18. The number of traders net-long is 12.1% higher than yesterday and 30.8% higher from last week, while the number of traders net-short is 1.3% lower than yesterday and 2.7% lower from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

S&P 500 PRICE TREND MAY SOON REVERSE

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.

TRADERS NET-SHORT INCREASE FROM LAST WEEK

EURUSD: Retail trader data shows 41.8% of traders are net-long with the ratio of traders short to long at 1.39 to 1. The percentage of traders net-long is now its lowest since Dec 31 when EURUSD traded near 1.1464. The number of traders net-long is 2.5% lower than yesterday and 23.6% lower from last week, while the number of traders net-short is 9.5% higher than yesterday and 42.1% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to "Identify Trends with Sentiment":

EURUSD SENTIMENT SUGGESTS A BULLISH BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests EURUSD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading bias.

TRADERS NET-SHORT INCREASED BY 22.3% FROM LAST WEEK

GBPUSD: Retail trader data shows 48.0% of traders are net-long with the ratio of traders short to long at 1.08 to 1. The number of traders net-long is 0.2% higher than yesterday and 2.7% lower from last week, while the number of traders net-short is 0.8% higher than yesterday and 22.3% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

GBPUSD: SENTIMENT SUGGEST A BULLISH TRADING BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests GBPUSD prices may continue to rise. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bullish contrarian trading bias.

TRADERS REMAIN NET-SHORT

USDJPY: Retail trader data shows 47.7% of traders are net-long with the ratio of traders short to long at 1.09 to 1. In fact, traders have remained net-short since Feb 27 when USDJPY traded near 110.552; price has moved 0.6% higher since then. The number of traders net-long is 0.8% higher than yesterday and 21.3% higher from last week, while the number of traders net-short is 0.5% higher than yesterday and 14.4% lower from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

USDJPY: SENTIMENT SUGGESTS AN UNCLEAR TRADING BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USDJPY prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current USDJPY price trend may soon reverse lower despite the fact traders remain net-short.

74.7% OF TRADERS ARE NET-LONG

Spot Gold: Retail trader data shows 74.7% of traders are net-long with the ratio of traders long to short at 2.96 to 1. The number of traders net-long is 0.8% higher than yesterday and 1.1% higher from last week, while the number of traders net-short is 20.2% higher than yesterday and 15.0% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

SPOT GOLD PRICE MAY SOON REVERSE

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.

79.2% OF TRADERS ARE NET-LONG

Bitcoin: Retail trader data shows 79.2% of traders are net-long with the ratio of traders long to short at 3.8 to 1. The number of traders net-long is 1.7% lower than yesterday and 1.2% lower from last week, while the number of traders net-short is 1.2% lower than yesterday and 5.9% higher from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

BITCOIN: SENTIMENT SUGGESTS A MIXED TRADING BIAS

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Bitcoin prices may continue to fall. Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current Bitcoin price trend may soon reverse higher despite the fact traders remain net-long.

NUMBER OF NET-LONG TRADERS INCREASE BY 30.8% FROM LAST WEEK

US 500: Retail trader data shows 29.4% of traders are net-long with the ratio of traders short to long at 2.4 to 1. In fact, traders have remained net-short since Jan 07 when US 500 traded near 2486.11; price has moved 14.3% higher since then. The percentage of traders net-long is now its highest since Mar 08 when US 500 traded near 2748.18. The number of traders net-long is 12.1% higher than yesterday and 30.8% higher from last week, while the number of traders net-short is 1.3% lower than yesterday and 2.7% lower from last week.

To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”:

S&P 500 PRICE TREND MAY SOON REVERSE

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.

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